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Message: Donner Metals Advances Matagami Project as the PD1 Deposit Moves to Feasibility

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Donner Metals Advances Matagami Project as the PD1 Deposit Moves to Feasibility

posted on Mar 08, 11 11:04AM (Log in to use the IP Check tool) ^[?]

Donner Metals Advances Matagami Project as the PD1 Deposit Moves to Feasibility

George Tsiolis interviews David Patterson live on the floor of the 2011 PDAC

Corporate Website / AGORACOM Hub

Bracemac-McLeod Ramp Moves Past 660 Metres

The Bracemac-McLeod ramp is currently at 660 metres enroute to the Bracemac-McLeod deposit where initial production from the mine is scheduled to start in January, 2013. In addition to ramp advancement, the installation of mine ventilation facilities and the construction of support infrastructure at the ramp portal are in progress. The existing 4.3 kilometres of haulage road from the portal to the Matagami Mill is also currently being refurbished to accommodate haulage of ore from Bracemac-McLeod. The development of the Bracemac-McLeod deposit is operated by Xstrata Canada Corporation – Xstrata Zinc Canada Division with 12 contractor companies on site currently employing approximately 30 people in addition to Xstrata Zinc personnel.

Matagami Project Advances as the PD1 Deposit Moves to Feasibility

The Company has received notice from partner Xstrata Canada Corporation - Xstrata Zinc Canada Division that it will conduct a feasibility study on the PD1 Deposit commencing immediately. The study will focus on the open pit potential of the deposit between 25 and 100 metres vertical depth, as incremental feed to the Matagami mill that could supplement production from the Bracemac-McLeod deposit between 2013 and 2016. The remainder of the deposit will be assessed in a scoping study that will investigate the viability of further exploitation of the deposit by underground development. These studies have been initiated on the basis of the measured and indicated resources reported by the Company in its press release dated January 14, 2011.